Posted on 12/09/2015 5:13:49 PM PST by Kaslin
When Obamacare was rammed through Congress without a single Republican vote way back in 2010, conservatives warned that the massive government program would ultimately require bailing out health insurance companies that gladly signed on.
Fast forward five years and it's that time. Today on Capitol Hill, lawmakers are being pressured by the White House to provide money, or a bailout, to insurance companies losing money due to running government Obamacare exchanges. From The Hill:
White House desperately trying to add insurance company bailout to tax extenders bill. https://t.co/CUVd2IYFRC pic.twitter.com/EIwKuvJm2Y— Phil Kerpen (@kerpen) December 9, 2015
Republicans and Democrats are close to agreeing on delaying two major taxes, the "Cadillac tax" on high-benefit plans and the medical device tax.
But those proposals have run into opposition from the White House, which wants language fixing ObamaCare's so-called risk corridors — a program intended to help insurance companies that take a financial hit by participating in government-run health exchanges.
That program is nearly out of money because of a policy rider sponsored by Sen. Marco Rubio (R-Fla.) on a year-end spending bill in 2014 that bars the Department of Health and Human Services from tapping into other accounts to fund it.
Rubio's role has injected presidential politics into the debate, making it all but impossible for GOP leaders to agree to the White House's demands.
The talks appeared to hit a wall Monday when Republicans ruled out fixing the risk corridors, which they panned as a "bailout for insurance companies."
"This is not on the table. Risk corridors is fully off the table," said a Senate Republican leadership aide.
Despite the disagreement, Republicans are feeling optimistic they can get the healthcare pieces worked out.
Repealing the Cadillac tax, which hits the health plans of union members especially hard, is a priority of Reid's and many Democrats.
The good news is, it looks like the Obamacare Cadillac tax will be repealed and insurance companies will have to take the hit they signed up for when they agreed to Obamacare years ago. I'll leave you with this, which explains why Democrats and Republicans are on board with repealing the Cadillac Tax.
Want to know how the ACA/Cadillac Tax wipes out your company plan? Just listen to these 3 short radio segments: http://t.co/WEbtQ47Cxs— Rich Weinstein (@phillyrich1) September 14, 2015
FUBO.
FAIL
Hold on to your wallets. The Kenyan is trying to resuscitate his failed, goofyass “healthcare” fiasco. He screwed it up and now a lot of people are finding themselves without healthcare.
His eyes always look like he is high these days.
WTYS
Who didn’t know, the instant they coined the term “Cadillac Plan,” that they wouldn’t someday demagogue it?
he wishes he could behead white christians like his jihad brothers are doing.
I absolutely guarantee that the Republican congress will support a bailout. Mark my words.
Without a doubt.
Because this bull$hit this POS Obozo and the rest of the dims ram through my insurance will be going up another 67% with a drop in benefits . The unafordable care act is killing this country and the limbs still voters are still playing this is the best thing. In Colorado the idiots are have managed to get single payer on the ballot.
Typical stupid Republicans. Focusing on “repealing” the aspects of Obamacare that protect their crony corporate donors. Why in the Hell can’t they repeal the whole damn thing?
My money’s on the Health Insurance industry. Those guys aren’t stupid and will get what they want from the politicians they’ve bought.
If there is no bailout Aetna and Anthem will beat UnitedHealth to the door. Watch an impotent Vichy GOP claim bully rights to the ObamaramaCare demise
Largest US health carrier United Healthcare’s recent announcement they may withdraw from Obamacare is the canary in the ACA coal mine.They announced they have sustained nothing but losses and they stopped advertising. The pool is much sicker than insurers expected and come 2117 Obamacare may be an empty shell with few if any insurers. So the Democrats are trying to shift the bill to taxpayers to pay for losses so they are not embarrassed that by a program they passed that was doomed to fail from day 1.
Is it just me, or in that photo of Zero, does he look ever more *Gay* and sick with something like AIDS?
Wouldn’t that be sad?
So very sad.
I absolutely guarantee that the Republican congress will support a bailout. Mark my words.
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Yep.
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